Corporate Social Responsibility at OMIFCO is a business management mechanism and a vehicle to engage the company and its employees with the community and collectively determine the social-economic and environmental priorities in the community in line with the company's objectives.
In order to ensure sustainability is core to our business strategy, OMIFCO has begun the process of adopting sustainability management that integrates management of economic, environmental and social performance, with the aim of delivering value for all our stakeholders, i.e. government, shareholders/customers, employees, local community, partners and suppliers, and the environment
OMIFCO's community investments strategy ensures that OMIFCO's financial, in-kind, and human resources are strategically utilized to maximize benefits for the community. OMIFCO is looking to leverage its various resources and competencies in order to effectively support projects and initiatives that have a long-term and sustainable impact on the community. OMIFCO has identified 4 Priority Areas of Investment.
In this area, OMIFCO will support projects which will benefit the most people in the community, addresses key issues in the community, have the potential to generate measurable results, and which are not solely dependent on OMIFCO's support.
OMIFC0's focus on developing Mcrobusinesses comes in response with the increasing number of youth entering the workforce each year, and the demands on the national economy to create additional opportunities for employment. Therefore, OMIFC0 has developed the CELL PROGRAM initiative, in cooperation with Al Jazeera Technical Solutions LLC & Inspired Solutions Company, to encourage self-employment through supporting entrepreneurship and development of micro businesses. Through the CELL initiative, OMIFC0 will not only provide financial resources and technical and administrative support to aspiring entrepreneurs, but also lead to the creation of several innovative SMEs and additional jobs.
A program that aims to support Omani owned SMEs with at least 3 years in business to scale up by providing state-of- the art business advisory support to propel them towards greater levels of success and financial stability.
Wasel is designed to address the challenges SMEs face once they have crossed the survival stage and are now looking to scale up by providing technical and financial coaching and training by specialized international experts.
Successful graduates will gain the following benefits:
If you meet the above preliminary criteria, you can apply HERE to be considered for the program.
In addition to the above mandatory qualifications, other criteria such as profitability, good financial standing, and business management practices, will be considered when selecting SMEs that will participate in the program.